GBPJPY Nacked Scalp
Updated
Alright we are back on this pair again. Scalping is what we are doing.
Just trying to find a good entry again for a long.
We are trading with the trend and also looking at key zones where the market react to.
This is not a long potential trade but this is a "Get in and Get out"
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If it does not go our way we can see why:
Creates a flag that could signal a continuation of a short.
Market consolidation, could mean either another bullish run to the upside or a potential struggle in the market to go up.
What are my Lot Size, PIPS, TP, SL:
Lot: 0.02
TP: 50 pips
SL: 20 pips
If you want to grow your account and compound your trades I would look to see if the market makes a HH and a HL, once it makes that indication I would go for another buy.
OR
if the market makes a LH and a LL, once it makes that indication I would go for a sell. (That is if the market shows a break in the trend and zone)
Just trying to find a good entry again for a long.
We are trading with the trend and also looking at key zones where the market react to.
This is not a long potential trade but this is a "Get in and Get out"
--------------------------------------------------------
If it does not go our way we can see why:
Creates a flag that could signal a continuation of a short.
Market consolidation, could mean either another bullish run to the upside or a potential struggle in the market to go up.
What are my Lot Size, PIPS, TP, SL:
Lot: 0.02
TP: 50 pips
SL: 20 pips
If you want to grow your account and compound your trades I would look to see if the market makes a HH and a HL, once it makes that indication I would go for another buy.
OR
if the market makes a LH and a LL, once it makes that indication I would go for a sell. (That is if the market shows a break in the trend and zone)
Trade closed manually
I pulled out my trade due market reacting a certain way. Looking to re-enter 135.155 for a long positon.
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